PNC Financial Services Group Inc. Has $18,464,000 Position in Anadarko Petroleum Corp. (APC)

PNC Financial Services Group Inc. cut its stake in shares of Anadarko Petroleum Corp. (NYSE:APC) by 1.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 291,415 shares of the oil and gas development company’s stock after selling 5,212 shares during the period. PNC Financial Services Group Inc.’s holdings in Anadarko Petroleum Corp. were worth $18,464,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Exxonmobil Investment Management Inc. TX raised its position in Anadarko Petroleum Corp. by 5.5% in the third quarter. Exxonmobil Investment Management Inc. TX now owns 139,338 shares of the oil and gas development company’s stock valued at $8,828,000 after buying an additional 7,214 shares in the last quarter. Retirement Systems of Alabama raised its position in Anadarko Petroleum Corp. by 7.3% in the second quarter. Retirement Systems of Alabama now owns 869,411 shares of the oil and gas development company’s stock valued at $46,296,000 after buying an additional 59,095 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its position in Anadarko Petroleum Corp. by 18.5% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 290,347 shares of the oil and gas development company’s stock valued at $15,461,000 after buying an additional 45,254 shares in the last quarter. E&G Advisors LP raised its position in Anadarko Petroleum Corp. by 23.8% in the third quarter. E&G Advisors LP now owns 20,617 shares of the oil and gas development company’s stock valued at $1,306,000 after buying an additional 3,961 shares in the last quarter. Finally, Carmignac Gestion raised its position in Anadarko Petroleum Corp. by 12.0% in the second quarter. Carmignac Gestion now owns 13,619,742 shares of the oil and gas development company’s stock valued at $725,251,000 after buying an additional 1,458,674 shares in the last quarter. 85.93% of the stock is currently owned by hedge funds and other institutional investors.

Anadarko Petroleum Corp. (NYSE:APC) traded up 11.37% during midday trading on Wednesday, reaching $67.00. 5,383,723 shares of the company’s stock traded hands. The stock’s market cap is $37.45 billion. The stock’s 50 day moving average price is $62.09 and its 200-day moving average price is $56.77. Anadarko Petroleum Corp. has a one year low of $28.16 and a one year high of $67.01.

Anadarko Petroleum Corp. (NYSE:APC) last posted its quarterly earnings data on Monday, October 31st. The oil and gas development company reported ($0.89) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.54) by $0.35. The firm earned $1.89 billion during the quarter, compared to the consensus estimate of $2.19 billion. Anadarko Petroleum Corp. had a negative return on equity of 10.73% and a negative net margin of 50.51%. Anadarko Petroleum Corp.’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.72) EPS. Equities analysts predict that Anadarko Petroleum Corp. will post ($3.05) earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 28th. Shareholders of record on Wednesday, December 14th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, December 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.33%. Anadarko Petroleum Corp.’s dividend payout ratio (DPR) is -2.68%.

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APC has been the topic of several recent analyst reports. JPMorgan Chase & Co. reissued a “buy” rating on shares of Anadarko Petroleum Corp. in a report on Thursday, October 6th. Bank of America Corp. restated a “buy” rating and issued a $95.00 price target on shares of Anadarko Petroleum Corp. in a research note on Tuesday, September 13th. Wells Fargo & Co. set a $70.00 price target on shares of Anadarko Petroleum Corp. and gave the company a “buy” rating in a research note on Friday, September 23rd. Barclays PLC raised their price target on shares of Anadarko Petroleum Corp. from $50.00 to $60.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 4th. Finally, Credit Suisse Group AG upgraded shares of Anadarko Petroleum Corp. from a “neutral” rating to an “outperform” rating and raised their price target for the company from $70.00 to $77.00 in a research note on Wednesday, November 2nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $68.48.

Anadarko Petroleum Corp. Company Profile

Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company’s segments include Oil and Gas Exploration & Production; Midstream, and Marketing. The Oil and Gas Exploration & Production segment explores for and produces oil, condensate, natural gas and natural gas liquids (NGLs), and focuses on the development and operation of the Company’s liquefied natural gas (LNG) project in Mozambique.

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